MOVER · HALT · WED SEP 23 2026

Why JAGX was halted on Sep 23 2026: fda fee waivers

JAGX-51.7%on Wed Sep 23 2026

Jaguar Health, Inc. was down 51.7% on the day at $16.66, ranked #149 on 7.2× its usual five-minute volume, when TapeRank recorded this trading halt at 09:31 ET during regular hours when it was halted. TapeRank recorded 2 events for JAGX that day, between 04:08 and 09:31 ET, and each is in the timeline below.

THE DAY ON THE LIST · 2 EVENTS

  1. 04:08 ET
    MOVER · PRE-MARKET

    $27.44 · ▼ 20.4% ON THE DAY · 214× 5M RVOL · RANK #5

    STRETCHEDCONFIDENCE5/5

    JAGX is up 13.1% at $38.97 after an earlier roughly 1,190% surge tied to FDA waivers of 2027 user fees for Mytesi and Canalevia. The waivers reduce regulatory costs but provide no quantified revenue or clinical breakthrough, making the extreme cumulative move far larger than the news supports.

    WHYA fee waiver is a modest cost-saving catalyst, while the stock has risen about 1,200% and remains up 13.1%, so the move is dramatically larger than the news.
    ANALYZED 04:01 ET · 7 MIN AGO · OPENAI/GPT-5.6-LUNA
    THE ROW AND SESSION LEVELS AT 04:08 ET
    LAST27.44
    DAY▼ 20.4%
    5 MIN▼ 26.89%
    5M RVOL214×
    5M $VOL$5.0M
    FLOAT—
    RANK#5
    SESSIONPRE-MARKET
    VWAP37.44
    HOD43.95
    LOD28.68
    OR HIGH—
    OR LOW—
    PREV CLOSE34.46
    PM HIGH43.95
    PM LOW28.68
    GAP▼ 15.93% (indicated)

    — MEANS THE LEVEL DID NOT EXIST YET AT THAT INSTANT, NOT ZERO

  2. 09:31 ET
    HALT · REGULAR

    HALTED AT $16.66 · ▼ 51.7% ON THE DAY · 7.2× 5M RVOL · RANK #149

    STRETCHEDCONFIDENCE5/5

    JAGX is down 52.8% pre-market to $16.25 after previously surging roughly 1,190% on FDA fee waivers for two existing therapies. The waivers reduce regulatory costs but do not represent approval, materially new revenue, or a fundamental change large enough to support the prior move, so the current reversal is consistent with profit-taking after an overstretched reaction.

    WHYA 1,190% prior surge and 52.8% reversal are vastly larger than the economic significance of fee waivers on existing drugs.
    ANALYZED 09:08 ET · 23 MIN AGO · OPENAI/GPT-5.6-LUNA
    THE ROW AND SESSION LEVELS AT 09:31 ET
    LAST16.66
    DAY▼ 51.7%
    5 MIN▲ 1.96%
    5M RVOL7.2×
    5M $VOL$2.0M
    FLOAT—
    RANK#149
    SESSIONREGULAR
    VWAP19.03
    HOD43.95
    LOD12.35
    OR HIGH16.66
    OR LOW14.64
    PREV CLOSE34.46
    PM HIGH43.95
    PM LOW12.35
    GAP▼ 55.22%

THE SESSION

  • 09:30 ETOpened at $15.43, -55.2% on the previous close of $34.46
  • 09:30 ETHalted (LUDP); resumed 09:40 ET, after 10 minutes
  • 09:43 ETRegular-session high, $19.46
  • 10:24 ETHalted (LUDP); resumed 10:29 ET, after 5 minutes
  • 12:35 ETHalted (LUDP); resumed 12:40 ET, after 5 minutes
  • 12:44 ETHalted (LUDP); resumed 12:44 ET, after 1 minute
  • 12:58 ETRegular-session low, $8.50
  • 15:59 ETLast trade of the regular session, $9.01, -73.9% on the previous close of $34.46
  • Volume: 6.7M shares in regular hours, 4.6M before the open

JAGX opened at $15.43 after its earlier surge tied to FDA waivers of 2027 user fees for Mytesi and Canalevia, which reduced regulatory costs but did not provide new approval or quantified revenue. TapeRank tied the reversal to that stretched move, with the stock reaching $19.46 at 09:43 before four LUDP halts interrupted trading; it then fell to a $8.50 low at 12:58 and ended at $9.01, down 73.9% from the previous close.

WRITTEN THU OCT 15 2026 17:54 ET BY OPENAI/GPT-5.6-LUNA FROM THE FACTS ON THIS PAGE

FILINGS AND NEWS · 24H BEFORE THE MOVE

On the tape right now

WHERE THE LIST STOODWED NOV 4 2026 · 13:49 ETRECORDED LIVE · 742 QUALIFY

01
ECGSURGING 0:05
79.71
▼ 29.3%
▼ 1.41%
41.0×
FAD
$6.2M
51.1M*
STRETCHED
02
CAVASURGING 0:00
64.78
▲ 7.4%
▲ 1.30%
9.3×
ORBHODVWH
$11.6M
116.8M*
UNEXPLAINED
03
URGNSURGING 0:00
29.16
▼ 15.2%
▼ 1.29%
15.6×
FAD
$1.4M
48.9M*
JUSTIFIED
04
MPTISURGING 0:00
64.15
▼ 1.5%
▲ 0.96%
23.8×
VWH
$637K
4.3M*
UNEXPLAINED
05
LSPDSURGING 0:00
11.52
▲ 4.9%
▼ 1.24%
16.5×
ORB
$426K
133.3M*
UNEXPLAINED
06
CRCTSURGING 0:00
8.90
▲ 49.2%
▼ 0.72%
15.1×
GAPORBVWHEXT
$395K
54.7M*
STRETCHED
07
BROSSURGING 0:00
43.97
▲ 0.9%
▼ 0.91%
4.0×
FAD
$4.3M
137.9M*
UNEXPLAINED
08
LMRICOOLING 1:35
12.85
▲ 14.5%
▲ 1.06%
132×
ORBHODVWH
$1.7M
—
UNEXPLAINED
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